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Investments

439

Portfolio Exits

39

Funds

13

Service Providers

3

About Northern Light Venture Capital

Northern Light Venture Capital is a venture capital firm based in Menlo Park, California with additional offices in Shanghai and Beijing, China. Northern Light Venture Capital focuses on early and growth-stage investments. From an industry perspective, it prefers to invest in telecommunications, media and technology, consumer, green tech, and life sciences.

Northern Light Venture Capital Headquarter Location

2855 Sand Hill Road

Menlo Park, California, 94025,

United States

650-585-5450

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Latest Northern Light Venture Capital News

Cross-Border Logistics Tech Firm Surpath Bags Pre-A+ Funds

Jun 21, 2022

Surpath, a cross-border supply chain technology firm , announced on Tuesday that it has secured tens of millions of yuan in a pre-A+ round of financing. The round featured exclusive investment from Northern Light Venture Capital, while Index Capital remained as the sole financial adviser. The new funds are intended for technological upgrades, marketing and other optimization plans. Surpath announced in October 2021 that it had completed angel investment and a pre-A round of financing. Its shareholders included China Merchants Group Venture Capital, Matrix Partners, Shaonian Capital and other institutions. The cross-border supply chain has long links, and over 60% of logistics and supply chain management costs are attributed to unscheduled costs such as penalties and delayed waiting, with trillions of dollars in loss costs. Factors such as data and intelligent scheduling allow for the optimal reduction of unplanned logistics costs. Founded in 2019, Surpath leverages data and puts the supply chain service experience and guidelines of the cross-border industry into a standard visualization product to serve cross-border brand owners at scale. It creates an infrastructure-level digital supply chain platform for China’s cross-border industry. Leveraging digital technology and AI, customers can check the status of goods, product costs, inventory, and sales heat maps – anytime and anywhere – through the Surpath intelligent system. With data analysis, operations monitoring and intelligent alerts, Surpath enables customers to better participate in the transformation of global smart supply chains. Surpath considers the year 2021 as the turning point for cross-border industries. Over the next five years, the firm says supply chains will become the key efficiency point for cross-border industries. The founding team of Surpath hails from the Amazon Global Logistics (AGL) founding team and the Cainiao executive team. The rest of the members are from Microsoft China, eBay, DHL, C.H. Robinson and other firms headquartered in Beijing, Shenzhen, Shanghai and Los Angeles.

Northern Light Venture Capital Investments

439 Investments

Northern Light Venture Capital has made 439 investments. Their latest investment was in Surpath as part of their Seed VC - III on June 6, 2022.

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Northern Light Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/21/2022

Seed VC - III

Surpath

Yes

1

5/27/2022

Seed VC - III

HemaCell

No

4

5/23/2022

Series B

BUD Technologies

$36.8M

Yes

13

5/20/2022

Series A

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10

5/12/2022

Seed VC

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$99M

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10

Date

6/21/2022

5/27/2022

5/23/2022

5/20/2022

5/12/2022

Round

Seed VC - III

Seed VC - III

Series B

Series A

Seed VC

Company

Surpath

HemaCell

BUD Technologies

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Amount

$36.8M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

4

13

10

10

Northern Light Venture Capital Portfolio Exits

39 Portfolio Exits

Northern Light Venture Capital has 39 portfolio exits. Their latest portfolio exit was Zhejiang Hechuan Technology on April 28, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/28/2022

IPO

$99M

Public

1

4/4/2022

Acquired

$99M

4

12/30/2021

Acquired

$99M

10

7/23/2021

IPO

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$99M

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10

6/4/2021

Acquired

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$99M

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10

Date

4/28/2022

4/4/2022

12/30/2021

7/23/2021

6/4/2021

Exit

IPO

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

4

10

10

10

Northern Light Venture Capital Fund History

13 Fund Histories

Northern Light Venture Capital has 13 funds, including Northern Light Venture Fund V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/4/2019

Northern Light Venture Fund V

Early-Stage Venture Capital

Closed

$445M

3

4/30/2015

Northern Light Venture Fund IV

Early-Stage Venture Capital

Closed

1

10/11/2011

Northern Light Venture Fund III LP

Early-Stage Venture Capital

Closed

$400M

1

10/8/2011

Suzhou Industry Park Heyuan Northern Light Venture Capital LP

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$99M

10

1/30/2008

Northern Light Venture Fund II LP

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$99M

10

Closing Date

3/4/2019

4/30/2015

10/11/2011

10/8/2011

1/30/2008

Fund

Northern Light Venture Fund V

Northern Light Venture Fund IV

Northern Light Venture Fund III LP

Suzhou Industry Park Heyuan Northern Light Venture Capital LP

Northern Light Venture Fund II LP

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

Early-Stage Venture Capital

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Status

Closed

Closed

Closed

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Amount

$445M

$400M

$99M

$99M

Sources

3

1

1

10

10

Northern Light Venture Capital Service Providers

3 Service Providers

Northern Light Venture Capital has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

Partnership data by VentureSource

Northern Light Venture Capital Team

9 Team Members

Northern Light Venture Capital has 9 team members, including current Founder, Chief Financial Officer, Managing Director, Jeffrey Lee.

Name

Work History

Title

Status

Jeffrey Lee

Agilent Technologies, Wavics, and Newton Technology Partners

Founder, Chief Financial Officer, Managing Director

Current

Elton Jiang

Managing Director

Current

Yan Ke

Managing Director

Current

Shuhua Zhou

Managing Director

Current

Feng Deng

General Partner

Current

Name

Jeffrey Lee

Elton Jiang

Yan Ke

Shuhua Zhou

Feng Deng

Work History

Agilent Technologies, Wavics, and Newton Technology Partners

Title

Founder, Chief Financial Officer, Managing Director

Managing Director

Managing Director

Managing Director

General Partner

Status

Current

Current

Current

Current

Current

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